sejal architectural glass limited - Securities and Exchange Board of ...

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VI. Material Developments since the Last Balance Sheet Date: Except as stated under the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” beginning on page [•] of this Draft Red Herring Prospectus and our financial statements included herein, no material developments have taken place after September 30, 2007, the date of the latest Balance Sheet, that would materially adversely affect the performance or prospects of our Company. In accordance with SEBI requirements, our Company and the BRLM will ensure that investors in India are informed of material developments until such time as the grant of listing and trading permission by the Stock Exchanges. 212
STATUTORY APPROVALS AND LICENSES Except for pending approvals mentioned under this heading, our Company has received the necessary material consents, licenses, permissions and approvals from the Government/RBI and various Government agencies required for our present business. Further, except for pending approvals as detailed herein, our Company can undertake all our present activities in view of the present approvals and no further material approvals from any statutory body are required by our Company to undertake the present activities. Except as mentioned in this Section, we have not applied for any licenses/ approvals in relation to the Objects of the Issue. Approvals for the Issue We have received the following approvals in relation to the Issue: I. General approvals Certificate of Incorporation dated December 11, 1998 bearing Corporate Identification Number 11- 117437 issued in the name of Sejal Architectural Glass Private Limited by the Registrar of Companies, Maharashtra, Mumbai. Fresh Certificate of Incorporation consequent upon change of name on conversion to public limited company from Sejal Architectural Glass Private Limited to Sejal Architectural Glass Limited dated March 8, 1999 bearing Corporate Identification Number 11-117437 issued by the Registrar of Companies, Maharashtra, Mumbai. II. Approvals for the Issue The Board of Directors has, pursuant to a resolution passed at its meeting held on August 14, 2007 authorised the Issue, subject to the approval by the shareholders of our Company under section 81(1A) of the Companies Act. The shareholders have, pursuant to a resolution dated September 29, 2007 under section 81(1A) of the Companies Act, authorised the issue. III. Business related approvals We have received the following major approvals pertaining to our business: A. General approvals 1. Issuance of permanent account number, viz. AADCS8659M under the Income Tax Act, 1961. 2. Certificate of registration bearing number PT/R/1/1/34/8041 dated August 12, 2000 for registration of our Company as an employer under sub-section (1) of section 5 of the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975. 3. Certificate of enrolment bearing number PT/E/11/00/34/18/1398 dated August 2, 2000 for the enrollment of our Company under sub-section (2) or sub-section (2A) of section 5 of the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975. 213
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Draft Red Herring Prospectus Decemb
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SECTION I DEFINITIONS AND ABBREVIAT
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Term Description Designated Date Th
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Term Description Bhandup ( West), M
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IPO Initial Public Offer ISO Intern
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FORWARD-LOOKING STATEMENTS This Dra
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the tax on the additional income of
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Risk relating to the project 6. The
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amount(s) due to our lender(s), not
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utilized portion of the licence. Ad
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protect us from entire liability fo
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6. Terrorist attacks and other acts
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12. Investors are advised to go thr
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The Indian Architectural float glas
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BRIEF DETAILS OF THE ISSUE Equity S
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Share Application Money 2563.61 296
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D Net Profit after Tax but before E
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Issue Management Team Book Running
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Bank of India Banking Branch M.D.I.
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Pursuant to recent amendments to th
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Name and Address of the Underwriter
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5 Subdivision of Equity shares of R
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Mr. Mitesh K. Gada* Mr. Shantilal S
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Capital would be locked-in for a pe
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Friends, Relatives and Others 36,74
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3. August 30, 2007 Mr. Nilesh S. Bh
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Vinod Velji Shah HUF jointly with M
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9. November 22, 2007 Ms. Diwaliben
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5 Mr. Kanji V. Gada 6,16,250 3.37 6
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SECTION V- OBJECTS OF THE ISSUE OBJ
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a. Plant & Machinery - Imported i.
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Work-in-progress 0.43 months 430.00
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We propose to raise Rs. [•] Lacs
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Authority for the issue The Issue h
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BASIS FOR ISSUE PRICE The issue pri
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ii. Lowest - Haldyn Glass Gujarat 5
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Benefits available to the Company u
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8. In case of a shareholder being a
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Benefits available to other Non-Res
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Benefits available to Mutual Funds
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Source: Central Statistical Organis
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� Fused silica glass - Fused sili
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The Total Float Glass Manufactured
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increasing demand for hotels/resort
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• Hygenic - Glass is a non-porous
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2. High productive and reliable pro
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We view geographical expansion of o
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Features 93 Toughened Glass is appr
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The excellent dampening property of
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Brief description of the Processes
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c) Lamination Process Process First
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101
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As the batch materials melt into so
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Apollo Hospital Dhaka, Bangladesh B
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Availability of Nitrogen and Hydrog
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With the knowledge and experience o
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Further our company proposes to imp
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Sr. No Name of the trademark regist
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7. Sale deed dated July 14, 2004 be
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3. Standard fire and Special perils
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May 21, 2007. Premium Amount Rs. 6,
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KEY INDUSTRY REGULATIONS AND POLICI
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Changes in the Registered Office of
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2. Non-Compete Agreement between ou
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Sr. No. Name, Age, Designation, Fat
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Sr. No. Name, Age, Designation, Fat
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Compensation to Managing Director/W
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Mr. Mitesh K. Gada, Whole-Time Dire
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Leave travel concession for self an
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emuneration payable to the said Dir
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• To look into the reasons for su
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extent of remuneration and/or reimb
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ORGANISATION CHART OF OUR COMPANY 1
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Sr. No Name, Age and Designatio n S
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OUR PROMOTER AND THEIR BACKGROUND T
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MR. SHANTILAL S. GADA Identificatio
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CURRENCY OF PRESENTATION All refere
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1 st December, 2007 The Board of Di
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STATEMENT OF ASSETS AND LIABILITIES
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NOTES TO RESTATED PROFIT AND LOSS A
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the provision for deferred tax, tim
Page 163 and 164: ANNEXURE - V Accounting Ratios (Rec
Page 165 and 166: LOANS AND ADVANCES (UNSECURED, CONS
Page 167 and 168: Annexure XII (Rs. in lacs) Details
Page 169 and 170: f Bank of India g Axis Bank 4 Vehic
Page 171 and 172: ANNEXURE - XIV RELATED PARTY TRANSA
Page 173 and 174: Travelling Expenses Insurance Premi
Page 175 and 176: Unsecured Loan received/refund Unse
Page 177 and 178: FDR refunded 2.50 Interest paid on
Page 179 and 180: 17 Kanji Gada FDR received FDR refu
Page 181 and 182: 26 Shantilal Gada Interest paid on
Page 183 and 184: CAPITALIZATION STATEMENT ANNEXURE X
Page 185 and 186: 1. The company has generally been r
Page 187 and 188: FINANCIAL INFORMATION OF GROUP COMP
Page 189 and 190: 2. Sejal International Limited Seja
Page 191 and 192: Shareholding Pattern: The Sharehold
Page 193 and 194: 27 Mr. Hasmukh B. Shah 5000 0.09 28
Page 195 and 196: 5. Sejal Finance Limited. Sejal Fin
Page 197 and 198: 2. Mitesh Textiles Mitesh Textiles
Page 199 and 200: Companies with which the Promoters
Page 201 and 202: FACTORS AFFECTING OUR RESULTS OF OP
Page 203 and 204: % to Turnover 65.72% 69.06% 63.03%
Page 205 and 206: Fiscal 2005 Vs 2006 Income Income f
Page 207 and 208: Related Party Transactions For deta
Page 209 and 210: SECTION VIII - LEGAL AND REGULATORY
Page 211 and 212: A complaint bearing Complaint No. 6
Page 213: Sejal Glass House has not filed any
Page 217 and 218: 6. Occupancy Certificate bearing no
Page 219 and 220: Sr. No. Details License No. 1. EPCG
Page 221 and 222: 4. Application bearing no. 1371940
Page 223 and 224: OR (b)(ii) There shall be compulsor
Page 225 and 226: FROM ALL THE STOCK EXCHANGES MENTIO
Page 227 and 228: Further, each Bidder where required
Page 229 and 230: Expert Opinion Except as stated oth
Page 231 and 232: This being an initial public offeri
Page 233 and 234: Principal Terms and Conditions of t
Page 235 and 236: � to register himself or herself
Page 237 and 238: ISSUE STRUCTURE This Issue is being
Page 239 and 240: In case the Bid-Cum-Application For
Page 241 and 242: 2. Hindu Undivided Families or HUFs
Page 243 and 244: please refer the section titled “
Page 245 and 246: published in two national newspaper
Page 247 and 248: Escrow Collection Banks shall trans
Page 249 and 250: Build Up of the Book and Revision o
Page 251 and 252: (j) In terms of SEBI Guidelines, QI
Page 253 and 254: c) Ensure that the details about De
Page 255 and 256: IT IS MANDATORY FOR ALL THE BIDDERS
Page 257 and 258: 1. On the Bid-cum-Application Form
Page 259 and 260: Submission of Bid-cum-Application F
Page 261 and 262: Grounds for Technical Rejections Bi
Page 263 and 264: ) The Bidder must necessarily fill
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Save and except refunds effected th
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(iii) Under-subscription below 5% o
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if any, for encashing such cheques,
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RESTRICTIONS ON FOREIGN OWNERSHIP O
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SECTION X- DESCRIPTION OF EQUITY SH
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MODIFICATION OF RIGHTS Title of Art
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Title of Article Article Number and
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TRANSFER AND TRANSMISSION OF SHARES
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SECTION XI -OTHER INFORMATION MATER
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23. SEBI observation letter no. [
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